Jacobs Wins Offshore Platform Contract from PEMEX

Jacobs Engineering reports that a subsidiary company received a contract from PEMEX Exploration & Production to act as owner's engineer for the Ku-Maloob-Zaap Offshore Platform Project in the Gulf of Mexico.

The Ku-Maloob-Zaap project includes 18 new offshore platforms with an investment of more than $2.5 billion over the next 5 years. The project supports Mexico's aggressive export program by improving oil production capabilities up to 800 thousand barrels per day and gas production capabilities by 600 million standard cubic feet per day for the field.

As owner's engineer, Jacobs provides oversight and reviews design work by some of the leading Mexican and international offshore oil and gas production contractors. Jacobs will execute this work with the support from a joint venture (Uhde Jacobs) and VIGEN S.A., a Mexican engineering firm with offshore capabilities.

In making the announcement, Jacobs Group Vice President Pete Evans stated, "We are excited to join with our Mexican partners and expand our global offshore presence with PEMEX on this strategically important project."